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Sales of Argentine soybeans rose in the week to September 18, while wheat sales dropped and corn was mixed across market years, according to data released by Argentina’s agriculture secretariat on Wednesday September 25.
Argentina's 2024/25 soybean crop is expected to reach 52 million tonnes, while corn production was forecast at 47 million tonnes, the Buenos Aires Grain Exchange (BAGE) said in its first estimate for the country's new crop on Wednesday September 25.
The export prices of soyoil, palm oil and sunoil have risen in their main points of origin monitored by Fastmarkets, more than a week after the increase in tax duty in India, the largest vegetable oil importer in the world.
The rally in crude palm oil (CPO) futures in Malaysia and soyoil futures in Chicago continued for another session on Wednesday September 25 in what is already one of the sharpest upswings in vegoil prices since the beginning of the year.
US wheat futures trended higher on Wednesday September 25 amid news of a strike at Canada's biggest port and ongoing global weather concerns in wheat-producing regions.
Soybean futures continued in positive territory on the Chicago Mercantile Exchange on Wednesday September 25 due to higher soyoil and soymeal futures, despite pressure from external markets.
A minister in the Indian government has approved the import of as much as 200,000 tonnes of duty-free corn following a meeting with representatives of the poultry sector in the country’s Andhra Pradesh state, trade and media sources reported on Wednesday September 25.
US corn futures found support on Wednesday September 25 on global buying interest reflected via tender and flash sale activity.
The German 12.5% FOB wheat APM for November loading was assessed at a €8 per tonne premium over the December Euronext contract...
The soybean CFR China (Brazil) basis assessment for November shipment was assessed...
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Dry bulk freight rates for Panamax vessels in the Atlantic were little changed in the week to Wednesday September 25, with stronger demand for ships continuing to support rates.
US weekly ethanol production decreased by 55,000 barrels per day to 994,000 bpd in the week ended Friday September 20, according to data published by the US Energy Information Administration (EIA) on Wednesday September 25.
Russia’s sunflower meal export duty has risen to another record high for the period since April this year, but sunflower oil export duty will remain at nil in October of the 2024/25 season, which started on September 1, according to an update from the country’s Agriculture Ministry on Wednesday September 25.
Freight rates for vessels carrying palm oil cargoes within Asia were flat during the week to Wednesday September 25 on unchanged supply and demand fundamentals.
The Thai Feed Mill Association (TFMA) has purchased optional origin feed wheat for first half of December shipment in its tender which closed on Wednesday September 25, sources told Fastmarkets.
Taiwanese feed buying group MFIG concluded their buy tender for feed corn on Wednesday September 25, picking up around 65,000 tonnes of the grain for shipment in November-December, sources told Fastmarkets.
The Thai Feed Mill Association (TFMA) has issued a fresh tender on Wednesday September 25 for around 195,000 tonnes of optional origin feed wheat, after skipping the purchase in its previous tender which closed on September 9, sources told Fastmarkets.
China’s soybean crush volume in the week ended Friday September 20 slipped to 2.05 million tonnes, 8.5% lower from the previous week, according to figures from the China National Grain and Oil Information Center (CNGOIC).
Brazil’s soybean sowing in the 2024/25 marketing year has reached 0.2% of the projected area of 47.4 million hectares, the country’s food agency Conab said late on Monday September 23.